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Initiative debuts at the 2015 Las Vegas show in cooperation with Sniffapalooza; facilitates one-on-one introductions of innovative beauty brands to forward-thinking retailers.
Elizabeth Arden's net sales down 17.2% compared to the prior year quarter; company cites decline in sales of celebrity fragrances and lower level of new product innovation.
The NPD Group presented its 2014 Review of U.S. and Global Beauty Sales at the “Hot Off The Press” Event; report shows that today's consumers are seeking experiences, challenging the beauty industry to go beyond the products to fulfill the sense of experience.
NPD finds that U.S. consumers’ intent to buy was high in the fragrance category in 2014; in the men's fragrance category, Gen Y is driving much of the activity.
Trends include unexpected, spicy and culinary-inspired notes.
Company's largest fragrance brands grew 14.0%, 23.9% and 49.6%; Karl Lagerfeld launch contributes $3.5 million.
Sales of U.S. prestige beauty products were $2.4 billion in Q3 201, a 6% increase from Q3 2013; fragrance "having a great run" heading into the holiday season.
The need to replenish, in-store influencers and price are the top motivators behind men’s fine fragrance purchases; among most desired characteristic for scented body products, men tend to purchase large-sized fine fragrance as it's seen as a good value.
Inter Parfums announced net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 6.0% to $134.2 million; Jimmy Choo sales rose 23% due in part to the successful launch of Jimmy Choo Man and the continued popularity of the brand’s signature scent.
With the plant, the company said every step in the processing of vanilla can now be performed locally on the East African island for the first time.